About half of black and Hispanic children in female-headed households live in poverty
a. True
b. False
Indicate whether the statement is true or false
True
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Is there a similarity between a monopoly and a monopolistically competitive firm in the long run? Explain your answer
What will be an ideal response?
A demand curve
a. has a positive slope; that is, when price increases, quantity demanded increases b. depicts the negative relationship between price and quantity demanded; that is when price increases, quantity demanded falls c. depicts what happens to demand when supply changes d. depicts what happens to supply when demand changes e. illustrates that price and quantity demanded cannot change at the same time
Which is NOT an example of government intervention in the economy?
A. The Great Recession B. The Federal Reserve C. The Food and Drug Administration D. The Troubled Asset Relief Program
How does adding in investment, government spending, and net exports affect the slope of the consumption function?
a. It makes the slope steeper. b. It makes the slope less steep. c. It does not change the slope. d. It makes the slope vertical.